Management Accounting and Sage Line 50

Using an Excel Spreadsheet

Monthly Management Accounts tool was developed in an Excel spreadsheet to help you collate monthly management accounts from small business accounting software such as Sage Line 50. It gives you the freedom to assemble your monthly business accounts from the nominal code or trial balance structure in Sage Line 50 software. You can simply export the Sage trial balance to an Excel spreadsheet and group the nominal codes to provide the desired accounting report. The business accounting tool places the nominal balances where you want them to produce your monthly business management accounting report. Management accounts are different from the statutory financial accounts that you are required to file each year at Companies House and are designed to provide summarised information to the company's executives about sales performance, cashflow, overheads etc.

An example of a monthly management accounts spreadsheet report to help you get started is available: